A mortgage fraud scheme where new immigrants are paid and tricked into signing large mortgages on a property which they are told they will not be responsible for is called a(n)
A) Ponzi scheme
B) Texas Two-step
C) Connecticut Con
D) Oklahoma Flip
E) Refugee Rip-off
D
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Which of the following represents a cash inflow from financing activities?
A. Issuing long-term bonds at a discount. B. Receiving interest on promissory notes. C. Issuing stock in exchange for another company's stock. D. Paying a bond's face value at maturity.
One of the problems with Web site sales is credit card fraud. All of the following countries are those where fraud is rampant except:
A) Indonesia. B) Russia. C) Croatia. D) Japan E) Bosnia.
Sharing core competencies is one of the primary potential advantages of diversification. In order for diversification to be most successful, it is important that
A. the similarity required for sharing core competencies must be in the value chain, not in the product. B. the methods of production are the same. C. the target market is the same, even if the products are very different. D. the products use similar distribution channels.
The practical difference between the remedies for misrepresentation and fraud is that:
A. a victim of fraud can sue for punitive damages as well as for damages from the tort of deceit. B. a victim of misrepresentation cannot rescind the contract. C. a victim of misrepresentation can sue for punitive damages, whereas a victim of fraud cannot. D. a victim of fraud cannot sue for punitive damages.